Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z 

Independent 401(K)

Independent 401(K) Definition

Independent 401(K) is a variation of the 401(k) designed for people who are self-employed or operate a small business with an immediate family member. The plan contribution limit is equal to other 401(k) plans, but the sole proprietor is allowed to make an employer contribution to an independent 401(k), thus raising the total contribution. Catch-up contributions are allowed for participants 50 and older.

RELATED TERMS
401k plan
RELATED CATEGORIES
Retirement Planning




Submit a Definition



Ask a Question

Learn the famous formula for money-making, based upon the THIRTEEN PROVEN STEPS TO RICHES! Get your FREE Copy & Instant Access to Think and Grow Rich by Napoleon Hill just by signing up.
 
   
Newsletter cover
Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z